Sumitomo Chemical India Limited has informed the Exchange regarding Change in Director(s) of the company.
SUMICHEM · price
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Sumitomo Chemical India has disclosed three board-level changes effective 1st September 2026. First, Mr. N. Sivaraman (DIN: 00001747), a Chartered Accountant with 42 years of finance and leadership experience (including roles at L&T Finance and ICRA), is being reappointed as Independent Director for a second term of 3 years. Second, Mr. Anand Mohan Tiwari (DIN: 02986260), a former Indian Administrative Service officer with over 30 years in governance, energy, and petrochemicals, is being appointed as a new Independent Director for 2 years. Third, Mr. Chetan Shah (DIN: 00488127), who served as Managing Director and steered the company's agrochemicals business growth for over five decades, will transition to Non-Executive Non-Independent Director from 1st September 2026, as his MD term ends on 31st August 2026. All three appointments are subject to shareholder approval at the ensuing AGM.
The transition of the long-serving Managing Director (Chetan Shah) to a non-executive role marks a significant leadership shift, while the board maintains its independent character with two experienced independent directors continuing or joining. No red flags on governance or disqualification issues for any of the appointees.